Forex Volume Spread Analysis Trading System
From the Old Kings archive: Forex Volume Spread Analysis Trading System, an indicator for MetaTrader 4. Its name points to volume and the spread. It draws arrows on the chart and can send alerts. It has 40 settings, for example Number Of Bars (default 500), Note (default 0 means Display all bars) and MAPeriod (default 100). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 42 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Volume Spread Analysis Trading System
Forex Volume Spread Analysis Trading System is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Number of bars, Note and Ma period. MQL source code included.
Files in the download: #new_vsa.tpl, BetterVolume 1.4.mq4, CDRW Volume.mq4, CDRW_TRO_MODIFIED_VERSION.ex4, CDRW_TRO_MODIFIED_VERSION.mq4, installation manual.txt, TicksSeparateVolume.mq4, TRO_MM_BCDRW.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Number of bars | 500 | |
| Note | 0 means Display all bars | |
| Ma period | 100 | Period or timeframe used by the calculation |
| Look back | 20 | |
| Offset | 5 | |
| Y axis | 100 | |
| Corner | 1 | |
| Text color | DodgerBlue | Colour on the chart |
| Hi light color | Magenta | Colour on the chart |
| Reverse color | Magenta | Colour on the chart |
| Demand color | Aqua | Colour on the chart |
| Supply color | Red | Colour on the chart |
| Warning color | Yellow | Colour on the chart |
| No signal color | DimGray | Colour on the chart |
| Up color | Lime | Colour on the chart |
| Eq color | DimGray | Colour on the chart |
| Dn color | Red | Colour on the chart |
| A | _Ma of RSX settings_ | |
| Len | 10 | |
| Signal ma | 2 | |
| Ma method | 0:SMA 1:EMA 2:SMMA 3:LWMA | |
| Ma method | 0 | |
| B | _Shift Bars_ | |
| Shift | 0.0 | Bar shift (0 = current bar) |
| Show text | TRUE | |
| Ma length | 100 | |
| Shift up text | 0 | Bar shift (0 = current bar) |
| Shift down text | 0 | Bar shift (0 = current bar) |
| Size text | 7 | |
| Angle text | 90 | |
| Display alert | false | Turn this alert on or off |
| Offset1 | 50.0 | |
| Offset2 | 100.0 | |
| Back ground color | Black | Colour on the chart |
| Show oc lines | TRUE | |
| Oc period | 14 | Period or timeframe used by the calculation |
| Show bar time | TRUE | |
| Trending | C'35,35,35' | |
| Ranging | Black | |
| Lines above below | 150 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Volume · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code